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China’s crude steel output down 21.2% in September

China’s National Bureau of Statistics (NBS) announced that China’s crude steel outputs amounted to 73.75 million mt in September, down 21.2% compared to the same month last year.

The production of iron ore was 65.19 million mt in the same month, down 16.1%, and finished steel products was 101.95 million mt 14.8% on year-on-year.

At the same time, a sharp drop in production was observed compared to August as crude steel production declined by 11.4%, iron ore production was down by 8.86% and production of finished steel products declined by 6.3%.

Production restrictions and power supply limits exerted a negative impact on steel output in September.

In the January-September period of this year, China produced 805.89 million mt of crude steel, an increase of 2.0% and a decline of 3.3% compared to the first eight months of this year.

Total iron ore output in the first nine months of this year amounted to 671.07 million mt, down 1.3 % year on year, compared to a growth rate of 0.6% in the first eight months of this year.

Total production of finished steel products in the same period was 1.02 billion mt, up 4.6% year on year, with a decline in growth of 2.7 % from that recorded in the January-August period.

 

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Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

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